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Books >
Rich Dad, Poor Dad
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Rich Dad, Poor Dad |
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03 January, 2002 |
| Author |
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Robert T. Kiyosaki
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Time Warner Paperbacks |
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| Our
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£ 6.39 |
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£
7.99
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Personal finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated, but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them"). Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a frustratingly long time to make his points, his book is nonetheless a compelling advocate for the type of "financial literacy" that's never taught in schools. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how the former might be acquired so that the latter eventually can be shed. --Howard Rothman, Amazon.com
Rich Dad Poor Dad - Break your 'poor for life' mindset
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This book could well be added to the Think & Grow Rich and the Richest Man in Babylon styles of wealth creation.This difference with this book is that Robert's style is much more aggresive in risk taking than the other two and what he does do is provide you with an easy to understand visual interpretation of a Balance sheet. This book was recommended to me by a friend who is no financial wizard by any stretch of the imagination. The Balance Sheets make it easy to identify if you are going to be stuck in the 'Rat Race' forever and how to choose to gain true control over your finacial destiny. Probably the greatest thing this book can offer you is an understanding that it really isn't that difficult to gain control and begin securing your future. Well worth a read.
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Excellent
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I first read this book about 3 years ago and it totally blew my mind. As an accountant working in the City of London, I thought I knew the difference between an asset and a liability. Whilst some may criticize Robert for not giving specifics, I believe the book was written as a guide to those truly seeking financial freedom. Together with "The millionaire next door" RDPD helped me get out of debt in less than a year and set me on the road to acquiring assets. As the leader of an investment group, it is essential reading for all my partners and to date I have given out at least 30 copies (to the extent that I currently don't own one!!!)
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Encourages you to work for a fine life & not live to work!
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This book changes the reader's perspective about money and risk related with pursuing riches!
It also openes our eyes about some hard truths. If we don't have our money working for us and multiplying, there is someone else using US and our money to multiply his, be it the bank, the government, your boss... whoever!
A stable job is not a proper solution these days (Even if you find 1).
Your house is not an asset because it doesn't generate income to you, it is the bank's asset because that is to whom you are paying back loans and mortgages.
These and other stimulating examples and insights are presented in order to make you think like the rich do and challenge old thoughts accepted by the majority!I used to consider finance and accounting boring, incomprehensible, illogical and was never interested in studying such money related subjects.
Robert Kiyosaki's "Rich Dad Poor Dad" as well as "Rich Dad cashflow quadrant" and "Rich Dad's guide to investing" have changed all that! I now feel Finance is one of the most important subjects in my life, it can be fun if learned in the right way and found ecouragement in being more enterprenerial. I always wanted to start doing something, someday in order to be rich. This is how I used to feel while indulging in self help books! Robert's book was the missing link I have been waiting for. This book presents you with enough reasons to educate yourself about business and investing in order to take educated finacial risks. As a result I am already working to acquire assets that can generate money! Making mistakes will no doubt be an opportunity to learn important lessons in order to do better later on. Perhaps the only criticism I have for the book is that it illustrates many valuable concept but doesn't give practical hints. It still elightening though. Most people will agree that this is a good read. But I suggest it is a must read to anyone who really desires to work for a fine living (and retire rich) instead of living to work! Thank you Rob!
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